Incometax....part of indirect cheating

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Querist : Anonymous

Querist : Anonymous (Querist)

08 June 2015 If i take loan from friend and returns it after long period. Then does it requires to pay Interest? if yes what percentage?

Amol S Joglekar (Expert)
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08 June 2015 payment of interest id strictly the domain of YOU and your kind hearted and generous FRIEND. Income tax has nothing to CHEAT in this.

CS,CA F,Numrologi TusharSampat (Expert)
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08 June 2015 int is matter of agreement bet 2 persons namely lendor and lendee so how there is cheating in it?

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